Ecobank signals branch closures, layoffs in digital shift

Ecobank CEO Ade Ayeyemi. FILE PHOTO | REDRICK ONYANGO | NMG

Ecobank plans to close branches and cut jobs as the pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday.

The Pan-African lender's operations in nearly 40 countries across sub-Saharan Africa, including Kenya, are exposed to some economies that have been pressured by the slide in commodity prices and unfavourable currency swings.

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